PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 11, 2021 No. 753-P

About required reserves of credit institutions

This Provision based on article 38 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2017, No. 18, the Art. 2669) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of December 24, 2020 No. PSD-31) establish procedure for accomplishment by credit institutions of mandatory reserve requirements, including procedure for deposition of required reserves in the Bank of Russia, procedure for write-off from the correspondent account of credit institution opened in the Bank of Russia, the amounts of the required reserves of money which are not paid in into accounts for storage, transfers to the account of credit institution of required reserves from the account for storage of required reserves after revocation of license and also procedure for renewal of required reserves by reorganization of credit institution.

Chapter 1. General provisions

1.1. The credit institution shall fulfill mandatory reserve requirements concerning obligations in currency of the Russian Federation and in foreign currency which structure and categories are determined in Chapter 2 this provision (further - reserve obligations).

1.2. The obligation of credit institution on accomplishment of mandatory reserve requirements arises from the date of receipt of the license of the Bank of Russia for banking operations and stops with response (cancellation) at credit institution of the license of the Bank of Russia for banking operations.

1.3. The credit institution performs deposition of required reserves in the Bank of Russia money in currency of the Russian Federation by money transfer into the account for storage of required reserves opened in the Bank of Russia irrespective of currency type of reserve obligations (further - the account on accounting of required reserves), via bank transfer and (or) by maintenance of average size of required reserves on correspondent account and (or) correspondent sub-account (correspondent sub-accounts) opened in the Bank of Russia in currency of the Russian Federation (further in case of joint mentioning - correspondent accounts) (further - accomplishment of obligation on averaging of required reserves).

1.4. For the purpose of ensuring compliance of the size of required reserves, actually deposited in the Bank of Russia, to the calculated size of the required reserves which are subject to deposition in the Bank of Russia, the authorized division of the Bank of Russia monthly performs regulation of the size of the required reserves which are subject to deposition in the Bank of Russia (further - regulation of the size of required reserves).

Information on authorized division of the Bank of Russia is published on the official site of the Bank of Russia in the Internet (further - the website of the Bank of Russia).

When carrying out regulation of the size of required reserves by authorized division of the Bank of Russia it is performed:

calculation of the size of required reserves of credit institution for calendar month (further - the accounting period);

check of accomplishment by credit institution of obligation on averaging of required reserves.

When carrying out regulation of the size of required reserves transfer of money by credit institution in required reserves for transfer into the account on accounting of required reserves or return of money by the Bank of Russia from the specified account on the correspondent account of credit institution opened in the Bank of Russia in currency of the Russian Federation by results of calculation of the size of required reserves (further - recalculation on the required reserves deposited on the account on accounting of required reserves) once a year is also made, and also in case of change of nature of activities of credit institution (receipt of the status of bank by non-bank credit institution or receipt of the status of non-bank credit institution by bank) or in the cases established by Items 1. 9, 3.8, 4.1, 5.12, 6.5 and 6.6 of this provision (further - regulation of the size of required reserves with recalculation). In other cases regulation of the size of required reserves is performed without recalculation on the required reserves deposited on the account on accounting of required reserves (further - regulation of the size of required reserves without recalculation).

1.5. The size of required reserves which is subject to deposition in the Bank of Russia is calculated by application of standard rates of required reserves to the size of reserve obligations and exceptions of size of cash in currency of the Russian Federation and digital rubles determined according to Chapter 2 this provision (further - the normative size of required reserves).

1.6. The size of required reserves which is subject to deposition in the Bank of Russia by accomplishment of obligation by credit institution on averaging of required reserves during the period of averaging of required reserves (further - the averaging period) according to Chapter 3 this provision (further - the average size of required reserves), is calculated one of the following methods:

using coefficient of averaging of required reserves (further - averaging coefficient) to the normative size of required reserves when carrying out regulation of the size of required reserves with recalculation;

as difference between the normative size of required reserves and size of required reserves which is subject to deposition on the account on accounting of required reserves (further - the settlement size of required reserves), when carrying out regulation of the size of required reserves without recalculation.

1.7. The settlement size of required reserves is calculated as difference between the normative and average sizes of required reserves when carrying out regulation of the size of required reserves with recalculation or is accepted to the equal settlement size of required reserves established following the results of the previous regulation of the size of required reserves when carrying out regulation of the size of required reserves without recalculation.

1.8. The schedule of the periods of averaging for calendar year, the period of regulation of the size of required reserves (further - the regulation period) during which annual recalculation on the required reserves deposited on the account on accounting of required reserves is made are established by the Board of directors of the Bank of Russia and are published on the website of the Bank of Russia.

1.9. Based on the solution of the Board of directors of the Bank of Russia by authorized division of the Bank of Russia extraordinary regulation of the size of required reserves, including extraordinary regulation of the size of required reserves with recalculation can be carried out.

In case of carrying out extraordinary regulation of the size of required reserves the Board of directors of the Bank of Russia establishes the period of its carrying out, date since which the standard rate of required reserves and (or) coefficient of averaging, the accounting period, the period of averaging and need of carrying out recalculation on the required reserves deposited on the account on accounting of required reserves are established.

1.10. On the amount of the required reserves deposited in the Bank of Russia percent are not charged.

1.11. The documents constituted by authorized division of the Bank of Russia according to this Provision go to credit institution in electronic form through private office on the website of the Bank of Russia (further - private office) according to the order of interaction of the Bank of Russia with credit institutions determined based on parts one and the fourth article 73.1 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2017, No. 27, the Art. 3950) (further - order of interaction), or on paper in case of lack of technical capability of the direction of the specified documents electronically.

Chapter 2. Calculation of the size of the required reserves which are subject to deposition in the Bank of Russia

2.1. Reserve obligations passive remaining balance of the following balance sheet accounts established by the Provision of the Bank of Russia of November 24, 2022 No. 809-P "About the Chart of accounts of financial accounting for credit institutions and procedure for its application", the registered Ministry of Justice of the Russian Federation on December 29, 2022, registration No. 71867 is included (further - the Provision of the Bank of Russia No. 809-P):

No. 30109, 30111, 30122, 30123, 30219, 30220, 30222, 30223, 30230, 30231, 30232, 30236, 30411, 30412, 30414, 30415, 30420, 30421, 30422, 30423, 30601, 30603, 30604, 30606, 313, 314, 315, 316, 31702, 31703, 31802, 31803, 40102, 40105, 40106, 40108, 40110, 40116, 402, 40301, 40302, 40306, 40307, 40312, 404, 405, 406, 40701 - 40706, 40802 - 40826, 40901, 40902, 40903, 40905, 40907, 40909, 40910, 40911, 40912, 40913, 40914, 40915, 410, 411, 412, 413, 414, 415, 416, 417, 418, 419, 420, 421, 422, 423, 425, 426, 427, 428, 429, 430, 431, 432, 433, 434, 435, 436, 437, 438, 439, 440, 47401, 47403, 47405, 47407, 47411, 47412, 47416, 47418, 47422, 47426, 476, 520, 521, 522, 523, 524, 52501.

Paragraphs third - the ninth voided according to the Instruction of the Central bank of the Russian Federation of 06.12.2021 No. 6005-U

2.1.1. The size of reserve obligations of bank with the basic license is determined according to the data on remaining balance of reserve obligations (recommended sample is given in appendix 2 to this Provision) created based on data of the reporting constituted and represented by bank with the basic license to the Bank of Russia according to the Instruction of the Bank of Russia of April 10, 2023 to No. 6406-U "About forms, terms, procedure for creation and submission of the reporting of credit institutions (banking groups) to the Central bank of the Russian Federation, and also of the list of information on activities of credit institutions (banking groups)" (it is registered by the Ministry of Justice of the Russian Federation on August 16, 2023, registration No. 74823) (further - the Instruction of the Bank of Russia No. 6406-U) by the following forms:

0409101 "The turnover sheet on accounts of financial accounting of credit institution" (further - the reporting under form 0409101);

the paragraph third ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 23.01.2023 No. 6360-U

0409302 of "Data on the raised funds" (further - the reporting under form 0409302);

0409501 of "Data on interbank credits and deposits" (further - the reporting under form 0409501);

0409603 of "Data on the opened correspondent accounts and remaining balance of funds for them" (further - the reporting under form 0409603).

2.1.2. The size of reserve obligations of bank with the universal license, non-bank credit institution is determined according to the data on remaining balance of reserve obligations (recommended sample is given in appendix 2 to this Provision) created based on the balance sheet accounts this about average monthly remaining balance for calculation of the size of required reserves (further - data on average balances) (the recommended sample is given in appendix 4.1 to this Provision).

Data on average balances are constituted by bank with the universal license, non-bank credit institution in the whole thousands of rubles based on these daily composite balance sheets, including data of balance sheets of foreign subsidiaries, and no later than the tenth working day of the month following the accounting period are represented to the Bank of Russia in electronic form, signed by the official, the representative to sign data on average balances, with use of private office according to order of interaction.

The paragraph third ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 18.09.2023 No. 6534-U

In case of representation by bank with the universal license, non-bank credit institution of data on the average balances which are drawn up with violation of the requirements containing in the paragraph the second this subitem, the obligation on their representation is considered unexecuted. At the same time the division of the Bank of Russia performing collection and processing of the reporting notifies bank with the universal license, non-bank credit institution that data on average balances are drawn up with violation of the requirements containing in the paragraph the second this subitem no later than the working day following behind day of submission of data by the specified credit institutions.

In case of creation of data on average balances according to each balance sheet account of the second procedure (designation code), except balance sheet accounts No. 20202, of 20208, of 20209, of 30210, of designation code 305001, average monthly remaining balance is specified separately in currency of the Russian Federation and in foreign currency (all and including in the currencies emitted by authorized bodies of foreign states and the territories, making concerning the Russian Federation, the Russian legal entities and physical persons unfriendly actions included in the list approved by the order of the Government of the Russian Federation of March 5, 2022 No. 430-r (further - currencies of the unfriendly countries), in the ruble equivalent determined proceeding from the remaining balance for each day of the accounting period counted on the official rate of foreign currency in relation to ruble to No. 86-FZ established by the Bank of Russia according to Item 15 of article 4 of the Federal Law of July 10, 2002 "About the Central bank the Russian Federation (Bank of Russia)" (further - the foreign exchange rate established by the Bank of Russia), for the corresponding day (further - ruble equivalent), and according to balance sheet accounts No. 20202, 20208, 20209, 30210, to designation 305001 code - only in currency of the Russian Federation. In the absence of remaining balance according to the balance sheet account (designation code) or in case, stipulated in Item 2.4 this provision, it is put down 0 (zero).

The paragraph of the sixth ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 18.09.2023 No. 6534-U

The formula of average arithmetic size specified in Item 1 of appendix 5 to this Provision is applied to calculation of average monthly remaining balance for balance sheet accounts (designation codes).

For calculation of average monthly remaining balance for balance sheet accounts (designation codes) are used including data on the transactions made in output or non-working holiday, and also following it the working day reflected in financial accounting according to the method provided by accounting policy of credit institution from among specified in Item 1.3 of part III of appendix to the Provision of the Bank of Russia No. 809-P taking into account that remaining balance of balance sheet accounts (designation codes) in foreign currency for output or non-working holiday are recalculated in ruble equivalent at the foreign exchange rates established by the Bank of Russia for the specified day.

In case of identification by the Bank of Russia or bank with the universal license, non-bank credit institution of the fact of submission of data on average balances with mistakes the bank with the universal license, non-bank credit institution is represented by the corrected data on average balances with appendix of explanations to the made changes no later than the fifth working day following behind day of receipt of the document of the Bank of Russia on identification of the fact of submission of data on average balances with mistakes or behind day of identification by bank with the universal license, non-bank credit institution of the specified fact. Replacement of data on average balances is performed for all accounting periods in which mistakes, within the last twelve accounting periods are made.

2.2. Reserve obligations are grouped in the following categories.

2.2.1. Obligations of credit institution to legal entities - nonresidents (including obligations to nonresident banks), and also obligations to individual entrepreneurs - nonresidents in currency of the Russian Federation and (or) in foreign currency, arising based on the signed agreements of the bank (correspondent) account, contracts for attraction of money (further - obligations to legal entities - nonresidents).

The structure of obligations to legal entities - nonresidents joins remaining balance of balance sheet accounts No. 30111, of 30122, of 30123, of 30230, of 30231, of 30412, of 314, of 316, of 31703, of 31803, of 40807, of 425, of 440, of 47602, 47607.

2.2.2. Obligations of credit institution to physical persons (residents and nonresidents) in currency of the Russian Federation and (or) in foreign currency, arising based on the signed bank deposit agreements (including certified by savings certificates), the bank account (further - obligations to physical persons).

Obligations to physical persons remaining balance of balance sheet accounts No. 40817, of 40820, of 40823, of 40824, of 40826, of 40903, of 40914, of 423, of 426, of 47411, of 47603, of 47605, of 47608, of 47609, of 522, 52404 is included.

2.2.3. Obligations of credit institution in currency of the Russian Federation and (or) in foreign currency, not belonging to the categories of obligations established by subitems 2.2.1 and 2.2.2 of this Item (further - other obligations).

2.2.4. As a part of categories of the obligations of credit institution in foreign currency determined by subitems 2.2.1 - 2.2.3 presents of Item, are allocated in separate subcategories of the obligation in currencies of the unfriendly countries, information on which is published on the website of the Bank of Russia. On banks with the basic license the size of obligations on the specified subcategories is accepted equal to zero.

2.3. Remaining balance of the balance sheet accounts specified in Item 2.1 of this provision is included reserve obligations taking into account the following.

2.3.1. The amount of remaining balance of balance sheet accounts No. 30420, 30421 is included reserve obligations minus the amount of remaining balance of balance sheet accounts No. 30416, 30417 by designation code 304211, specified in appendix 2 to this Provision (the recommended sample is given in appendix 2 to this Provision).

The amount of remaining balance of balance sheet accounts No. 30422, 30423 is included reserve obligations minus the amount of remaining balance of balance sheet accounts No. 30418, 30419 by designation code 304231, specified in appendix 2 to this Provision (the recommended sample is given in appendix 2 to this Provision).

Reduction of the amounts of remaining balance of balance sheet accounts No. 30420, 30421 and 30422, 30423 at size of the amounts of remaining balance of balance sheet accounts No. 30416, 30417 and 30418, of 30419, respectively, is performed within the amounts of remaining balance of balance sheet accounts No. 30420, 30421 and 30422, 30423.

2.3.2. Remaining balance of balance sheet accounts No. 40108, of 40110, 40306 is included reserve obligations minus remaining balance of balance sheet accounts No. 40109, of 40111,40308, respectively, by designation codes 401081, of 401101, of 403061, specified in appendix 2 to this Provision (the recommended sample is given in appendix 2 to this Provision).

Reduction of remaining balance of balance sheet accounts No. 40108, of 40110, 40306 at size of remaining balance of balance sheet accounts No. 40109, of 40111, of 40308, respectively, is performed within remaining balance of balance sheet accounts No. 40108, of 40110, 40306.

2.3.3. From the size of obligations to legal entities - nonresidents, physical persons and other obligations exclude the size of obligations (except obligations on the subordinated credits (deposits, loans) to the "Deposit Insurance Agency" state corporation (further - DIA) and (or) persons specified in the subitem 1 of Item 8 of article 189.49 of the Federal Law of October 26, 2002 to No. 127-FZ "About insolvency (bankruptcy)" (further - the Federal Law "About Insolvency (Bankruptcy)"), not being credit institutions (further - investors), according to the plan of participation of the Bank of Russia or DIA in implementation of measures for the prevention of bankruptcy of bank.

The specified obligations are excluded by designation codes 302001, of 302002, of 302003, of 302004, specified in appendix 2 to this Provision (the recommended sample is given in appendix 2 to this Provision), which are determined:

on bank with the basic license - according to subitems 3.1 and 3.2 of Item 3, subitems 4.1 and 4.2 of Item 4, subitems 1.1 and 1.2 of Item 1 and subitems 2.1 and 2.2 of Item 2 of the Section "For information only" of the reporting under form 0409302 respectively, expressed in thousands of rubles;

on bank with the universal license, non-bank credit institution - according to designation codes 302001, 302002, 302004 and 302003 data on the average balances specified in appendix 4(1) to this Provision (the recommended sample is given in appendix 4(1) to this Provision), which join the raised funds from investors (legal entities - nonresidents, physical persons, legal entities - residents) and the raised funds of DIA respectively (except the subordinated credits (deposits, loans).

2.3.4. Ceased to be valid according to the Instruction of the Central bank of the Russian Federation of 23.01.2023 No. 6360-U

2.3.5. Remaining balance of balance sheet accounts No. 30109, of 31301, of 31302, of 31303, of 31304, of 31305, of 31306, of 31307, of 31308, of 31309, of 31310, of 31501, of 31502, of 31503, of 31504, of 31505, of 31506, of 31507, of 31508, of 31509, of 31702, 31802 in the amount of obligations to ВЭБ.РФ by designation codes 501001, of 603001, specified in appendix 2 to this Provision (the recommended sample is given in appendix 2 to this Provision), is included other obligations:

bank with the basic license - according to the Section II of the reporting under form 0409501, equal 0409501, if in column 2 of the Section II of this form the name "ВЭБ.РФ" is specified to the amount of these all lines according to column 10 of the Section II of the reporting under form, and according to the reporting under form 0409603, equal 0409603, if in column 2 of this form the name "ВЭБ.РФ" is specified to the amount of these all lines according to column 10 of the reporting under form and column 5 of this form is not completed;

bank with the universal license, non-bank credit institution - according to designation codes 501001, 603001 data on the average balances specified in appendix 4.1 to this Provision (the recommended sample is given in appendix 4.1 to this Provision) and interbank credits (deposits) equal to remaining balance obtained (attracted) from ВЭБ.РФ, and to remaining balance of means on the correspondent accounts of LORO opened by ВЭБ.РФ, respectively.

2.3.6. The size of obligations of credit institution according to issued debt securities is included reserve obligations minus the size of obligations of the credit institution calculated by way of application of corrective coefficient to the size of obligations of credit institution according to issued debt securities, by designation code 520524, specified in appendix 3 to this Provision (the recommended sample is given in appendix 3 to this Provision).

The corrective coefficient which value is in the range from 0 to 1, is established by the Board of directors of the Bank of Russia for the purpose of determination of the amount of obligations of credit institution to other credit institutions - residents according to issued debt securities, the reserve obligations which are subject to exception of structure. Information on the size of corrective coefficient is published on the website of the Bank of Russia.

Paragraphs third - the fifth voided according to the Instruction of the Central bank of the Russian Federation of 23.01.2023 No. 6360-U

2.3.7. The amount of the obligations of credit institution arising within making of transactions of repo and deposit transactions between the participants of clearing determined by the Federal Law of February 7, 2011 No. 7-FZ "About clearing, clearing activities and the central partner" (The Russian Federation Code, 2011, No. 7, Art. 904; 2020, No. 31, the Art. 5012), with participation of credit institution - the central partner performing functions according to the specified Federal Law (further - credit institution - the central partner), is included reserve obligations in the sum calculated by application of coefficients for transactions with participation of credit institution - the central partner to the amounts of obligations of credit institution in currency of the Russian Federation, obligations in currencies of the unfriendly countries and obligations in foreign currency (except for obligations in currencies of the unfriendly countries) according to the Section III of the reporting under form 0409501, equal to the amount of these all lines according to column 10 of the Section III of the reporting under form 0409501 (on bank with the basic license), according to designation code 501002, specified in appendix 4.1 to this Provision (the recommended sample is given in appendix 4.1 to this Provision) and equal to remaining balance of the obligations of credit institution arising within making of transactions of the repo and deposit bargains concluded at the exchange between participants of clearing with participation of credit institution - the central partner (on bank with the universal license, non-bank credit institution), by designation code 501002, specified in appendix 2 to this Provision (the recommended sample is given in appendix 2 to this Provision).

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info